I have a feeling these guys dont mind running the company at a loss and if they run out of capital they have a back up plan to take the company private, buying it back from shareholders cheaply leveraging the debt agreements the business has made with management. I heard somewhere to watch out for board members lending money to a business as they can use the terms to regain complete ownership of the business.. not something i know much about but seems there is a lot going on behind the scenes: capital raises at a premium, board members giving high risk loans to the company at high interest rates, generous stock based compensation, already extremely high insider ownership (usually a great thing of course..), ratty seems happy enough to run the company at significant losses in this environment raising just enough cash to survive another 1 or 2 quarters.
for context/disclosure: I sold out a while ago and am still very interested, I think the business has great prospects however they need to multiple their ARR whilst maintaining a high level of growth and make their way towards cash flow break even before I will take them seriously again
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Mkt cap ! $60.73M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 83893 | 0.075 |
1 | 100924 | 0.070 |
1 | 100000 | 0.067 |
1 | 135000 | 0.066 |
1 | 36648 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 21820 | 1 |
0.078 | 173137 | 2 |
0.080 | 46276 | 2 |
0.083 | 55000 | 1 |
0.084 | 4058 | 1 |
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